NEW YORK, June 24 (Reuters) – The leaders of stock exchanges
in Chile, Colombia and Peru clamored on Monday to tell investors
that buying shares in the region was getting easier because of
their two-year-old market integration efforts, although tax and
tariff differences remain.
In presentations and meetings with investors in New York,
the heads of these exchanges sought to raise the profile of the
Latin American Integrated Market, otherwise known as MILA.
NEW YORK, June 17 (Reuters) – Standard & Poor’s downgraded
Venezuela’s sovereign foreign currency credit rating by one
notch on Monday, citing political turmoil as an impediment to
enacting meaningful reforms in order to stop a slide in economic
S&P’s move to a B rating from B-plus on the OPEC nation
brings it in line with Moody’s Investors Service’s current
rating of B2, while Fitch Ratings remains one notch higher at
B-plus. Both Moody’s and Fitch have negative outlooks on the
New York (Reuters) – The yen rose against the U.S. dollar on Friday for a fourth straight day and gained ground versus the euro as investors unwound bets against the Japanese currency due to uncertainty whether central banks will maintain their easy monetary policies.
With the Federal Reserve’s next policy meeting just a few days away, there has been increasing focus – and growing uncertainty – over when the U.S. Federal Reserve might pull back from flooding the market with dollars, a policy meant to spur borrowing and investment to bolster a sluggish economy.
NEW YORK (Reuters) – The yen rose on Thursday to its strongest levels against the U.S. dollar and euro since the Bank of Japan embarked on an aggressive economic stimulus in April, as a slide in Japanese stocks triggered an unwinding of bets the currency would weaken.
Investors, sensing a wavering of the BOJ’s commitment to the plan when it failed to announce new stimulative measures earlier this week, sent the yen soaring and stocks plunging. Those moves are the exact opposite of what the central bank desired from the markets when it launched its plan.